Can Islamic banking beat conventional banking in near future?

Well Iam quite optimistic about it and definetly why not.  The Islamic bankings laws are based on 'Sharia' which are genuine, true and proven successful1000 of years ago, when the concept of modern banking was not even thought. The economic crisis, credit crunch, meltdown of economy, etc., which are being witnessed today are mainly due to the some drawbacks in the banking and financial sector around the globe.

Islamic Banking definetely provides an alternative to the conventional banking and also it provides provides banking and financial products same as the conventional banking but without the usury being levied or paid. 

The Middle East region, and particularly the GCC countries, are witnessing large-scale infrastructure development. This has been the main driver of growth in these markets in recent years. The governments' spending on big-ticket projects are supporting overall economic activities in these countries. These projects are providing jobs and opportunities for small and medium enterprises (SMEs) in a significant way, and are boosting growth in retail and project financing activities. We can see growing opportunities for us in construction, downstream projects and the retail banking space.

EACH BANKING SYSTEM HAD HIS SPECIFICITY,SO BOTH SYSTEM CAN GROWN UP AT THE SAME TIME